Videforex is an online trading platform. It is known for instant transactions and multiple payment methods. Videforex is a non-regulated platform that lacks information regarding accounts, assets, and more.
However, it provides traders with dedicated customer support and various funding methods. This Videforex review will discuss the key features of the platform. Lastly, we will be able to identify the legitimacy of the platform.
Videforex Trading Overview
Videforex is a developing trading platform. The platform provides traders with web and mobile trading platforms. This makes it easier to navigate the trading processes.
The platform does not offer any information about the trading assets. This makes it difficult for traders to identify available opportunities.
Although, the platform is known for its fast execution and low minimum deposit. Overall, the Videforex trading platform does not provide a smooth and reliable trading experience.
Trading Instruments
Videforex does not provide any information regarding the types of trading assets. It does claim to offer over 100 assets to trade. However, there is no information about the types. It reduces the trading opportunities of traders. Also, this decreases the trust among investors globally.
Account Types
Videforex does not offer any details about the account types. The platform does offer a few features for the account. The platform provides SSL-certified trading with 3D security. Additionally, it provides access to trading tools and resources available.
However, the limited information makes it difficult for traders to make an informed decision.
Withdrawal and Deposits
The funding process at the platform is made easier with multiple payment methods and low deposits. The platform completes executions in up to an hour and provides instant deposits.
The platform also charges slow minimum deposits that make it easier for low-budget traders to invest and trade.
Fees and Commission
At Videforex, there are no details regarding the charge involved during trading. This makes it difficult for a trader to estimate the total trading cost.
Also, the charges help the trader identify whether the platform is credible and if it aligns with their trading goals and needs.
Security and Regulations
Videforex is a non-regulated online trading platform. It is not registered or regulated under any trading platform. This makes it difficult to trust. The platform also has no license which increases the risk.
However, Videforex implements SSL encryption to protect personal and financial information during transactions. This standard encryption ensures that data is secure between the user and the platform.
Customer Support
Videforex’s key feature is its customer support. The platform is known to provide traders with dedicated support 24/7. The platform offers multiple channels to connect the traders and the support team. These channels include:
Video Chat
The platform provides access to a dedicated section for video chats. Traders can talk to experts for advice during trading processes. This makes it easier to understand the solutions.
Contact Forms
The platform provides forms on the website. These forms help you raise tickets regarding trading and technical issues. The platform offers quick responses at the platform.
Phone
The trading platform offers access to multiple phone numbers. These numbers are for different regions around the globe. It helps traders from every corner to connect and receive multilingual support.
Is Videorex Trading a Scam?
The legitimacy of the platform comes with its regulations and transparency. Videforex is an online trading platform that offers no such features. The platform is not regulated by any authority that enhances safety. The platform also has limited information regarding multiple features that reduce trust in the traders.
The platform does offer fast executions and an SSL-encrypted trading process. This might be a positive feature but the majority of features reduce its credibility. This makes Videforex a scam trading platform.
Conclusion
In conclusion the Videforex review, we can say that the platform offers a mixed overview. Some of its features make it a great option for trading. However, the major features like regulations and transparency lack the most.
This makes it difficult to trust the platform and invest the hard-earned money.
Pros
User-Friendly Platforms
Low Minimum Deposit
Dedicated Customer Support
Cons
Lack of Account Types and Trading Assets
Lack of Fee Information
Faq`s
Is Videforex regulated?
No, Videforex is not regulated by any major financial authority. Also, it does not have any license for registration from any authority.
What is the minimum deposit on Videforex?
The minimum deposit required is $50. The low amount makes it easier for low-budget or beginners.
Can I trade cryptocurrencies on Videforex?
The platform does not provide any information regarding the assets available.
Does Videforex charge withdrawal fees?
The platform does not list a clear and transparent fee structure. This makes it difficult to say.
How fast are withdrawals processed on Videforex?
Videforex claims to process withdrawals within one hour.
Is Videforex available on mobile devices?
Yes, Videforex offers both web and mobile app platforms.
What account types does Videforex offer?
Videforex provides no details about the types of accounts. This makes it unclear for traders.
Is there a demo account on Videforex?
Yes, a demo account is available for all users.
What customer support options are available on Videforex?
Videforex offers 24/7 customer support. The channels include live chat, contact forms, video chat, and email.
Is Videforex suitable for beginner traders?
Yes, the platform offers educational resources and a user-friendly interface, making it suitable for beginners.
